Tuesday, 24 November 2015

IBPS Clerk 2015 - Practice English Questions (Cloze Test) Quiz-26

Directions (1-10):
In the given passage there are blanks, each of which has been numbered. Against
each, five words are suggested, one of which fits the blank appropriately. Find
the appropriate word in each case.

Confidence
in the global economy is (1) improving, as evidenced by the bullish behavior of
financial markets and by increasingly positive comments from companies and
policy markers over the past few weeks.

While economists have generally argued in
(2) of a robust recovery, both in the world economy and in financial markets,
it is when investors get (3) bullish that the pessimistic case deserves more
(4). Many of them believe that the current improvement in global conditions is
just a blip and that the world faces years, if not decades, of “secular
stagnation”. How (5) should we take these foreboding statements?

The good news is that there is not much
(6) of secular stagnation in global statistics. For the world economy as a
whole, “new normal” since 2008 has not, in fact, been very (7) from the
pre-crisis period. The average growth of the global economy, from 1988 to 2007,
was 3.6 per cent according to the IMF’s Economic Outlook database. Its latest
forecast for this year is the same-3.6 per cent-although the IMF Managing Director
hinted at a modest (8) this week.

At first sight, this continuity from the
pre-crisis decades seems. (9) to square with the slowdown in economic activity
in all major economies since 2008. The IMF expects only 2.2 per cent growth
this year in developed countries compared with an average of 2.8 per cent
during the two decades before the crisis. In the emerging economies, meanwhile,
growth is (10)at 4.8 per cent this year, slightly below the 4.9 per cent of
the pre-crisis decades.